Binance USD market cap falls below $10B amid rising regulatory concerns
As it stands today, BUSD's market cap has fallen by nearly $14 billion since its all-time high of $23.49 billion...
Day: 2 March 2023
Celsius Custody customers finally begin withdrawals 263 days after freeze
Celsius users with funds held in its custody program have finally begun to withdraw funds, but users report delays due...
SEC objection to Voyager-Binance.US deal questioned by US judge
A U.S. judge scolded the SEC over its non-specificity on its objection to Voyager’s restructuring deal and asked for specifics...
Ethereum core developers push Shanghai upgrade to early April
The final dress rehearsal for Shanghai has been slated for a Mar. 14 launch, while the real thing will happen...
Bitcoin price slides 5% in 60 minutes amid Silvergate uncertainty
The price of BTC has fallen a steep 5% in 60 minutes in the early hours of Mar. 3, wiping...
MicroStrategy, Tether adds to firms distancing from Silvergate as stock dives 57%
MicroStrategy confirmed that none of its 130,000 BTC is custodied by Silvergate. However, the firm does have a loan to...
Binance ‘not planning any layoffs,’ 500 roles to be filled in H1
A Binance spokesperson told Cointelegraph that they hired 600 people since January and have no imminent plans for layoffs. Cryptocurrency...
Bitcoin leverage ramps up as BTC’s margin long-to-shorts ratio hits a record $2.5B high
BTC traders at Bitfinex and OKX are unwilling to use margin markets for bearish bets, creating an alarming imbalance that...
$3M OKX airdrop, 1 hour due diligence on 3AC, Binance AI — Asia Express
OKX reimburses $3M to users after alleged market manipulation incident, Binance unveils AI generated NFTs and FTX Japan users made...
Xapo Bank Integrates Lightning Network Payments Through Lightspark Partnership
On March 2, Xapo Bank announced its partnership with Lightspark, a company led by David Marcus, former crypto boss at...
Coinbase Severs Ties With Silvergate Bank Amidst JPMorgan Downgrade and Delayed SEC Filing
On March 2, 2023, the cryptocurrency exchange Coinbase announced that, in light of recent developments, the company is “no longer...
Russian Bank Issues Bank Guarantee in Chinese Yuan Using Blockchain
A bank in Russia has issued the country’s first blockchain-based bank guarantee denominated in Chinese currency. The financial institution underscored...
FTX presentation shows ‘massive shortfall’ in firm’s assets
FTX and FTX US together have billions in deficits in their exchange wallets and fiat accounts, uncovered in a "huge...
SEC chair implies crypto exchanges may not be ‘qualified custodians’ as new rule is drafted
Gary Gensler praises the SEC Investor Advisory Committee’s proposed rule on safeguarding advisory client assets but thinks crypto firms may...
UK banks HSBC, Nationwide to ban crypto purchases with credit cards: Report
The banks join a growing list of financial institutions in the country tightening restrictions on digital assets. United Kingdom banks...
